Tuesday - March 20, 2018

Automotive Airbag Market is Expected to Grow at the CAGR of 10.2% During 2015-2022: Brisk Insights

Posted onMay 11, 2016

BriskInsights.com has announced the addition of “Global Automotive Airbag Market Size, Share, Trends, Growth, Analysis And Forecast To 2022” Market Research Report to their Database.

According to a recently published report, the Automotive Airbags Market is expected to grow at the CAGR of 10.2% during 2015-2022. The segmentation of global Polymeric Foam market is based on location of airbags, end users and geography. The report on global automotive airbags market forecast, 2015-2022 (by location of airbags, end usersand geography) provides detailed overview and predictive analysis of the market.

Increasing concern towards consumer’s safety is anticipated to boost the automotive airbags market. Automotive airbag possess cushion or flexible fabric envelope that is mainly designed to inflate during vehicle collision while driving. Increasing number of deaths in car accidents backed up by strict government regulations related to the installation of airbags are the key forces driving the global automotive airbag market. In U.S. the New Car Assessment Program is gaining popularity as it rates and assesses cars prior to its launch in the regional market. This has led to the decreasing rate of car accidents in the U.S. However, deployment of airbags in low range cars and enhanced safety standards in emerging markets are the key opportunities for the companies involved in manufacturing of automotive airbags. Some of the challenges faced by the global automotive airbag market are availability of counterfeited products and rising price of automobiles. As per U.S. Police amongst 25 cars one possess counterfeited bag.

Brisk Insights is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities optimize strategies. Our team of 200 analysts’ provides enterprises with strategic insights. Brisk Insights works to help enterprises grow through strategic insights and actionable solutions. Working in a highly dynamic and multi-dimensional business makes decision making complex. Effective business decisions are a result of the synthesis of market information. Our Research and data analysis is an efficient and cost-effective way of providing robust market analysis and can yield highly valuable intelligence relating to consumers, competitors and markets.